Jane Street Group LLC acquired a new position in QEP Resources, Inc. (NYSE:QEP) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 62,875 shares of the pipeline company’s stock, valued at approximately $539,000.

Other institutional investors have also modified their holdings of the company. Commerce Bank acquired a new stake in QEP Resources in the 2nd quarter worth about $102,000. Pitcairn Co. raised its stake in QEP Resources by 4.3% in the 2nd quarter. Pitcairn Co. now owns 13,512 shares of the pipeline company’s stock worth $136,000 after purchasing an additional 563 shares in the last quarter. Suntrust Banks Inc. raised its stake in QEP Resources by 5.8% in the 2nd quarter. Suntrust Banks Inc. now owns 13,536 shares of the pipeline company’s stock worth $135,000 after purchasing an additional 748 shares in the last quarter. Capstone Asset Management Co. raised its stake in QEP Resources by 1.7% in the 2nd quarter. Capstone Asset Management Co. now owns 19,267 shares of the pipeline company’s stock worth $195,000 after purchasing an additional 320 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its stake in QEP Resources by 3.0% in the 2nd quarter. Teacher Retirement System of Texas now owns 19,618 shares of the pipeline company’s stock worth $198,000 after purchasing an additional 575 shares in the last quarter. Institutional investors and hedge funds own 93.29% of the company’s stock.

Several analysts have weighed in on the stock. ValuEngine cut shares of QEP Resources from a “sell” rating to a “strong sell” rating in a research note on Friday, September 8th. Zacks Investment Research upgraded shares of QEP Resources from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a research note on Thursday, November 2nd. BMO Capital Markets set a $11.00 price objective on shares of QEP Resources and gave the stock a “buy” rating in a research note on Tuesday, November 14th. Stifel Nicolaus dropped their target price on shares of QEP Resources from $26.00 to $23.00 and set a “buy” rating for the company in a research report on Tuesday, September 26th. Finally, Mizuho upgraded shares of QEP Resources from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 21st. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $13.76.

QEP Resources, Inc. (QEP) opened at $8.46 on Friday. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 0.52. QEP Resources, Inc. has a 12-month low of $7.02 and a 12-month high of $19.52.

QEP Resources (NYSE:QEP) last released its quarterly earnings data on Wednesday, October 25th. The pipeline company reported ($0.10) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.21) by $0.11. The business had revenue of $390.10 million during the quarter, compared to analysts’ expectations of $393.87 million. QEP Resources had a negative net margin of 0.90% and a negative return on equity of 3.48%. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.21) EPS. analysts forecast that QEP Resources, Inc. will post -0.44 EPS for the current fiscal year.

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QEP Resources Profile

QEP Resources, Inc is an independent crude oil and natural gas exploration and production company. The Company focuses on two regions of the United States: the Northern Region (primarily in North Dakota, Wyoming and Utah) and the Southern Region (primarily in Texas and Louisiana). The Company conducts exploration and production activities in North America’s hydrocarbon resource plays.

Institutional Ownership by Quarter for QEP Resources (NYSE:QEP)

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